Second carbon auction this year fails as buyers sit tight

The second carbon auction this year has failed to interest the market. (Image: Getty)

Wed, 14 Jun 2023

The second carbon auction of the year has failed because there were not enough bids above the confidential reserve price to clear all the units on offer.The first auction earlier this year was also declined. Some active in the market believe there is every chance the last two auctions of the year will follow the same pattern, mainly because of the large degree of uncertainty about policy direction and a lack of confidence in the market.The auction operator is likely to release more details about the bids received later on Wednesday.On...

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